Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we advocated that should the Dow manage to close above the 9360 for a few consecutive sessions, we expect a minor breakout upwards. The index is consolidating at the present levels and the next week will be a crucial one for this index.

Your call  of  action - Since Indian investors are not allowed to trade in overseas markets, this  is  a  pure academic study.

Nasdaq - This new economy benchmark index measures the outlook on the Nasdaq exchange. Last week, we had advocated that the worst seems to be over for this index as it has cleared a short term congestion and attempted to make a new high. The feel-good-factor is likely to percolate to the domestic software counters which were showing signs of revival last week. It is crucial that the Nasdaq trade higher than the 1782 levels consistently to signal a fresh run upwards. The next resistance will come at the 1865 and 1893 levels. On the lower side, expect support at the 1735 levels.

Your  call  of  action - Since Indian investors are not allowed  to  trade in  overseas markets, this is  a  pure academic study. 

FTSE - This index measures the outlook on the London stock exchange. The  index has been making higher bottoms  and tops on the  weekly charts. Last week, we observed that the oscillators were signaling a possibility of higher levels in the coming weeks. The resistance on the upsides will come at the 4300 levels and support at the 3940 levels.

Your  call  of  action - Since  Indian  investors  are  not  allowed  to  trade  in  overseas  markets, this  is  a  pure  academic  study.